Brighthouse Financial Upgraded; Price Target Lowered

Brighthouse Financial Stock: Upgraded to 'Market Perform,' Price Target Adjusted

Brighthouse Financial, Inc. (NASDAQ: BHF) recently saw an upgrade in its stock rating. Keefe, Bruyette & Woods raised Brighthouse's rating from "Underperform" to "Market Perform." However, they slightly adjusted the price target from $48.00 to $47.00. This comes after a weak year-to-date performance of Brighthouse’s stock, which declined by 23% in contrast to gains in the life insurance and annuities sector.